By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Amsterdam, The Netherlands — Retail-level unit sales of PNDs in North America fell 27 percent in the fourth quarter compared with the year-ago period and dropped 26 percent for the full year, GPS supplier TomTom said in its latest financial report.
Sell-through fell to 1.8 million units in the quarter and to 5.4 million units for the entire the entire year.
TomTom estimated its fourth-quarter share at about 15 percent, down 4 percentage points from the year-ago period
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
Las Vegas –TomTom is expanding TomTom HD Traffic service to all of its new portable navigation devices (PNDs) in 2014, making it easier for PND users to choose a destination, and bringing 3D displays of buildings and landmarks for the first time to select models.
The innovations will give current PND users more reasons to buy a replacement model and appeal to the 44 percent of drivers who don’t use a PND, smartphone, or in-dash nav system to get around, said marketing VP Tom Murray.
Amsterdam, The Netherlands — North American PND sales at the retail level fell 28 percent in the third quarter to 1.1 million units from the year-ago period, GPS supplier TomTom said in its latest financial report.
The decline followed a second-quarter 27 percent decline to 1.3 million units and a first-quarter decline of 27 percent to 1.1 million units, previous financial reports stated.
Amsterdam – GPS supplier TomTom posted second-quarter and first-half net profit declines of 14 percent and 26 percent, respectively, on sales declines of 4 percent and 11 percent.
The second-quarter net profit of 7.7 million Euros, however, was enough to offset a 2 million Euro loss in the first quarter to maintain first-half profitability. The company returned to profitability in 2012 with a net profit of 129.2 million euros after a 2011 net loss of 439 million euros.
Concord, Mass. – TomTom revealed the pricing and ship dates of its first two solo-branded GPS sport watches, unveiled earlier this year in Europe.
Concord, Mass. — TomTom plans spring availability of its next-generation portable navigation device (PND) for motorcycles.
The $299-suggested Rider, available in the spring, provides bikers with more options to create a customized route. Its 4.3-inch glove-friendly screen has been improved for use in rain and in bright direct sunlight. A new charging dock turns Rider on and off with the bike’s ignition.
Bluetooth is available to send voice instructions to a user’s headset.
Amsterdam – TomTom returned to profitability in 2012, with a fourth quarter operating profit and a net profit for the year.
But the company reported that revenues fell in the fourth quarter by 19 percent to 289 million euros and by 17 percent for the full year to 1.06 billion euros.
Net profits for the quarter hit 99.5 million euros, up 744 percent, and for the full year hit 129.2 million euros, compared to a full-year 2011 net loss of 439 million euros.
Operating profits in the quarter were up 137 percent to 24.6 million euros.
LAS VEGAS – TomTom upgraded its cellular-delivered HD (High Density) Traffic service with improved real-time detection of traffic incidents and more accurate time-of-arrival estimates, thanks to a major expansion of the number of vehicles tracked in real time to 76 million from a year-ago 3 million, the company announced.
The 6.0 version of HD Traffic “is able to report the location and length of traffic jams on highways five times more accurately than the previous version of TomTom HD Traffic,” the company said.
Amsterdam, The Netherlands – Industrywide portable navigation device (PND) retail-level sales fell in North America by 21 percent in units in the third quarter to 1.5 million and in Europe by 13 percent to 2.6 million, TomTom said in reporting its third-quarter sales and profits.
The PND industry’s third-quarter decline follows a second-quarter North American decline of 19 percent to 1.7 million units and a first-quarter 33 percent decline to 1.4 million units, TomTom said in previous financial reports.